Cordoba: Cordoba Logistics and Ventures Limited has disclosed a recent transaction involving the spouse of a Non-Executive Director, under clause 5.6.1.(d) of PSX Regulations. Raza Elahi, identified as the spouse of Anum Raza, a Non-Executive Director of the company, purchased 100,000 shares of the company on July 30, 2024. The transaction, executed at a rate of PKR 15.43 per share, was carried out through the CDC in the Ready market category.

According to information available from the Pakistan Stock Exchange (PSX), the company confirmed that this transaction will be reviewed in the upcoming board meeting to address any non-compliance issues as mandated by the PSX regulations. Additionally, Cordoba Logistics and Ventures Limited has assured that if the holding period for the shares is less than six months, any profit derived will be surrendered to the Securities and Exchange Commission of Pakistan (SECP), via a cheque, as stipulated under Section 105 of the Securities Act, 2015.